Swiss private bank Julius Baer has tapped UK-based investment technology firm Alpima to support rule-based portfolio derivation and visualisation in its investment management unit.
The Alpima platform will be provided as a white-label version of its cloud-based enterprise service.
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Alpima CEO Pierre Mendelsohn said: “Bank Julius Baer’s leadership, vision and client focus is outstanding.
“We are thrilled to work closely with them to help them future-proof and digitise their business and set a new standard for the industry.”
Commenting on Alpima, Julius Baer deputy head of IM, Evie Kostakis, said: “Their ground-breaking platform offers the adaptability and agility we need to serve our clients in the competitive, fast-changing landscape we operate in.”
Earlier this year, Alpima was selected by asset manager BlueBay. BlueBay’s objective behind the selection was to “intelligently visualise fund data and product characteristics across its full fixed income suite”.
Julius Baer is currently working on its IT infrastructure modernisation project.
Last year, the bank completed upgrades to its business processes and core platforms in the Asia Pacific leveraging Cognizant and Temenos technologies.
As at 30 April 2019, Julius Baer Group’s assets under management totalled CHF427bn.
